CFO / Financial
BCAR Revisited: Understanding A.M. Best’s New Model
Carriers can toss out old playbooks that helped them map financial metrics into A.M. Best ratings, according to rating agency analysts, who are putting finishing touches on a new capital adequacy ...
In Q4, Markel Improved Combined Ratio and Grew Net Income
Markel Corp. reported $197.9 million in net income to shareholders for the 2015 fourth quarter, up from $117.6 million during the same period in 2014. For the full-year 2015, the Richmond, ...
Agent Onboarding Solution Checklist for Insurance Companies and Agencies
Companies rely on agents to drive growth, but the onboarding process typically moves slowly due to corporate, regulatory and verification requirements. The delay in bringing agents on board directly ...
Insurers/Reinsurers Latest Casualties of Oil Price Slump as Premium Rates Plunge
The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was ...
Zurich Announces New CEO Start Date; Q4 Loss Hits $424M
Zurich Insurance attempted to mollify investors on Thursday by bringing forward the start date for incoming Chief Executive Mario Greco and holding its dividend unchanged. But a steeper-than-expected ...
CNA Lost $70M in Q4, Dragged Down by Life & Group Results
CNA Financial Corp. lost $70 million in its 2015 fourth quarter, an outcome shaped in part by declining investments and its Life & Group results. The Illinois-based property/casualty insurer ...
P/C Net Income Soared in Much of 2015; Investments Remained a Struggle
Property/casualty insurers saw their net income and profitability soar during the first nine months of 2015, though the challenging investment environment reduced yields. Those findings are part of a ...
P/C Insurance Commercial Rates Dropped 4 Percent in January
Rates for commercial property/casualty insurance fell 4 percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO ...